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Globalization and corporate taxation
Kumar, Manmohan S.; Quinn, Dennis P. - 2012
between financial globalization and corporate tax rates and revenues—results vary according to country grouping with OECD …
Persistent link: https://www.econbiz.de/10012671627
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Global Aging Pressures : Impact of Fiscal Adjustment, Policy Cooperation, and Structural Reforms
Kumar, Manmohan S. - 2007
Demographic pressures will materialize in many economies over the next few decades. We examine the macroeconomic impact of alternative fiscal adjustment and structural reform strategies to address these global aging pressures using the IMF''s Global Fiscal Model (GFM). The results suggest...
Persistent link: https://www.econbiz.de/10014400215
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How Does Financial Globalization Affect Risk Sharing? : Patterns and Channels
Terrones, Marco - 2007
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … outcomes during the recent period of globalization. Developing countries have, by and large, been shut out of this benefit. The … why emerging markets have not been able to realize this presumed benefit of financial globalization. In particular, our …
Persistent link: https://www.econbiz.de/10014400319
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The Missing Globalization Puzzle
Bhavnani, Rikhil - 2002
trade might be called the ""missing globalization puzzle."" This puzzle is most apparent in the estimated distance … evidence of globalization, on both cross-section and panel data, reflected in a variety of measures of geography. Our …
Persistent link: https://www.econbiz.de/10014401460
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Globalization and Income Inequality : A European Perspective
Harjes, Thomas - 2007
There is growing concern in Europe over the impact of globalization on high and evenly shared living standards. These …
Persistent link: https://www.econbiz.de/10014403015
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Fintech in Europe : promises and threats
Baba, Chikako; Batog, Cristina; Flores, Enrique; … - 2020
Europe's high pre-existing level of financial development can partly account for the relatively smaller reach of fintech payment and lending activities compared to some other regions. But fintech activity is growing rapidly. Digital payment schemes are expanding within countries, although...
Persistent link: https://www.econbiz.de/10012392562
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Falling use of cash and demand for retail central bank digital currency
Tanai Khiaonarong; Humphrey, David B. - 2022
Cash use in most countries is falling slowly. On the margin, younger adults favor cash substitutes over cash. For older adults it is the reverse. Revealed preference tied to a changing population age structure seems to be the main influence on the demand for cash and why it is falling. Cash use...
Persistent link: https://www.econbiz.de/10013170282
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Operational resilience in digital payments : experiences and issues
Tanai Khiaonarong; Leinonen, Harry; Rizaldy, Ryan - 2021
Major operational incidents in payment systems suggest the need to improve their resiliency. Meanwhile, as payment infrastructures become more digitalized, integrated, and interdependent, they require an even higher degree of resilience. Moreover, risks that could trigger major disruptions have...
Persistent link: https://www.econbiz.de/10012795082
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Fintech and payments regulation : analytical framework
Tanai Khiaonarong; Goh, Terry - 2020
Financial technology (Fintech) has prompted authorities to consider their potential financial stability benefits, risks, and effective regulation. Recent developments suggest that regulatory approaches and their legal foundations need to augment entity-based regulation with increasing focus on...
Persistent link: https://www.econbiz.de/10012251408
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Measuring the impact of a failing participant in payment systems
Heijmans, Ronald; Wendt, Froukelien - 2020
Banks and financial market infrastructures (FMIs) that are not able to fulfill their payment obligations can be a source of financial instability. This paper develops a composite risk indicator to evaluate the criticality of participants in a large value payment system network, combining...
Persistent link: https://www.econbiz.de/10012251903